Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable. Nevertheless, with full knowledge of this fact, they advocate a reform, e.g., socialism, because they hope that the rich, whom they envy, will also suffer under it.
more Ludwig von Mises quotes
True, a socialistic society could see that 1000 litres of wine were better than 800 litres. It could decide whether or not 1000 litres of wine were to be preferred to 500 litres of oil. Such a decision would involve no calculation. The will of some man would decide. But the real business of economic administration, the adaptation of means to ends only begins when such a decision is taken. And only economic calculation makes this adaptation possible. Without such assistance, in the bewildering chaos of alternative materials and processes the human mind would be at a complete loss. Whenever we had to decide between different processes or different centres of production, we would be entirely at sea.
more Ludwig von Mises quotes
Wealth comes from successful individual efforts to please one’s fellow man ... that’s what competition is all about: “out pleasing” your competitors to win over the consumers.
more Walter E. Williams quotes
The revulsion against war ... will be an almost insuperable obstacle for us to overcome. For that reason, I am convinced that we must begin now to set the machinery in motion for a permanent wartime economy.
more Charles E. Wilson quotes
America is not a mere body of traders; it is a body of free men. Our greatness is built upon our freedom -- is moral, not material. We have a great ardor for gain; but we have a deep passion for the rights of man.
more Woodrow Wilson quotes
You are not here merely to make a living. You are here in order to enable the world to live more amply, with greater vision, with a finer spirit of hope and achievement. You are here to enrich the world, and you impoverish yourself if you forget the errand.
more Woodrow Wilson quotes
Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.
more Walter Wriston quotes
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